It is essential to have a great connection and clear lines of communication with your CPA to continue your investment ventures' smooth operations.

I would even demand he stop work on the renovation so you can put it in the hands of someone that understands the importance of communication, fiduciary responsibility, etc.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.

If you are upfront and communicate with inspectors you won't have issues.

.- Communicated Findings: Informed you promptly about any POS violations and discussed the implications.- Negotiated Solutions: Worked with the seller's agent to determine whether the seller would address the violations or if you would need to assume responsibility, potentially negotiating a price reduction or credit at closing to cover repair costsWhy You Found Out LateThe fact that you discovered the POS violations only five days before closing suggests a lapse in communication or oversight.

Personally, I just communicate with my tenants that we keep the HVAC (in florida so rarely need the furnace) above 68 degrees at all times, and that it is best to keep the HVAC above 74 degrees during the hotter afternoons where the ambient temp is in the 90s.

To overcome these challenges, many borrowers focus on building strong communication with lenders, providing clear and detailed exit strategies, and ensuring thorough due diligence on the property.

Communicate, treat everyone with respect, and provide ample time.

Communicate with the family about the belongings and when they will come to get them.    

GPs will either need to perform well (communication, good return, etc) or they will be challenged to get LPs.- The best cash flow in this market is achieved via STR, MTR, or rent by room.